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Gift tax
by Sridharan on Aug 15, 2006 08:25 AM
1. Gift of money by Son-in law to Father in law whether subject to tax - implication in hands of both the individuals.
2. Gift of residential property by Father in law to Son in law- tax implication in hands of both the individuals.
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The above message is part of the Discussion Board:
Look out. Gifts are taxed too
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